Security Federal Savings Bank

Status:Inactive as of 11/16/1990
 Pass Through Receivership Merger
Conservatorship Institution Resolved
Successor Bank:Western Commerce Bank
Headquarters:Security Federal Savings Bank
212 North Canal
Carlsbad, NM 88220
Established:05/04/1990
FDIC Insurance:05/04/1990
FDIC Cert:#33039
Charter Class:Savings banks, state charter, supervised by the FDIC
Total Assets:$24,129,000
Total Deposits:$29,731,000

History

1990-05-04Institution established: Original name:Security Federal Savings Bank
1990-05-04Acquired Security Savings Bank, FSB (31433) in CARLSBAD, NM
1990-11-16Acquired after government financial assistance and subsequently operated as part of Western Commerce Bank (18389)
1990-11-16Government conservatorship or bridge bank resolved.
1991-05-23Acquired Liberty National Bank (16544) in LOVINGTON, NM